April 28 News – On April 28, Yankuang Guohong held a methanol auction sale, with the final transaction concluded at 3,010–3,015 CNY/ton (ex-factory, spot cash). The 640,000-ton/year coal-to-methanol plant is currently operating with three furnaces in service. Chempricehub comments on methanol, with a bullish/bearish score of 1: The methanol auction sale closed at 3,010–3,015 CNY/ton (ex-factory, spot cash), which is higher than the settlement price of the current methanol MA futures main contract (e.g., MA2609 contract at 2,914 CNY/ton). This indicates strong spot market demand, providing direct support to spot prices. The plant is operating with three furnaces, ensuring stable supply, but the high transaction price reflects a tight supply-demand balance. Considering the positive trend in the near-term futures contracts (e.g., MA2609 saw open interest increase by 17,417 lots and price rise by 20 CNY), the price spread may attract arbitrage, driving futures prices higher, which is overall bullish for the market.